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House, For Sale, Nicosia, Palaiometocho
Palaiometocho, Cyprus
REF: 916143
€160,000
Description
Location €¢ The house is situated near the connecting of Kokkinotrimithia - Ayion Trimithias near to supermarket, schools and other amenities - services. External Features €¢ Externally, the property will feature both covered and uncovered verandas, a sizable yard, a covered parking area, a boiler room, and a swimming pool, providing a perfect setting for relaxation and outdoor living. €¢ The asset offering significant potential upon completion. Internal Characteristics €¢ Upon completion, the house will feature a spacious entrance area, an open-plan dining and sitting room, a kitchen with dining area, a kitchenette, and a guests' toilet. €¢ A staircase leads to the first floor, where you'll find three en-suite bedrooms, two of which include walk-in closets. €¢ The property falls within the H3 zoning, offering a building coefficient of 60%, a coverage of 35%, and permits construction for up to two floors (8.3 meters). Advantages - Special Features €¢ Large house with internal area of 243sqm in a large plot of 630 sqm. €¢ There is a separate title deed for this property.
Location €¢ The house is situated near the connecting of Kokkinotrimithia - Ayion Trimithias near to supermarket, schools and other amenities - services. External Features €¢ Externally, the property will feature both covered and uncovered verandas, a sizable yard, a covered parking area, a boiler room, and a swimming pool, providing a perfect setting for relaxation and outdoor living. €¢ The asset offering significant potential upon completion. Internal Characteristics €¢ Upon completion, the house will feature a spacious entrance area, an open-plan dining and sitting room, a kitchen with dining area, a kitchenette, and a guests' toilet. €¢ A staircase leads to the first floor, where you'll find three en-suite bedrooms, two of which include walk-in closets. €¢ The property falls within the H3 zoning, offering a building coefficient of 60%, a coverage of 35%, and permits construction for up to two floors (8.3 meters). Advantages - Special Features €¢ Large house with internal area of 243sqm in a large plot of 630 sqm. €¢ There is a separate title deed for this property.
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Currency Exchange
Palaiometocho, Cyprus
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €160,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €160,000 | £131,824 | £137,512 | £5,688 |
| Property Price € | €160,000 |
| Minimum cost in the last six months | £131,824 |
| Maximum cost in the last six months | £137,512 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,688 |
Palaiometocho, Cyprus
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €160,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €160,000 | £131,824 | £137,512 | £5,688 |
| Property Price € | €160,000 |
| Minimum cost in the last six months | £131,824 |
| Maximum cost in the last six months | £137,512 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,688 |
The exchange rate on the day you make an offer on your property in Cyprus will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £5,688 more.
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